The mainstream Bitcoin and Ethereum both dropped rapidly after making a one-hour new high in the early morning, which is a typical divergence between volume and price. The short-term MA crosses below three long-term lines, forming a death cross at the top. Combined with the MACD histogram, you can directly see that the top has already diverged, so if it’s “so reliable,” you still can’t trust it (the short-term rebound probability is extremely low—based on Middle East history, you know it).

So that brief, fleeting spike can’t stop the trend of the cyclical correction.

Tomorrow is Monday. Considering the negotiations between the U.S. and Iran over the weekend, the risk of a pullback is increasing. As long as crude oil opens high, brothers, short it without hesitation!

Short-term suggestions:
Bitcoin rebound to 71,500-72,000, then short if it breaks below 70,000-69,000 $BTC
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Ethereum rebound to 2,210-2,240, then short if it breaks below 2,150-2,100 $ETH
Long-term reference: Chart 1